Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$975,000
 $5,234 est/mo Sourced by Back At You

848 NW 2nd Avenue,Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311

Share:

PreviousNext

Description

Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenantsmost over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest only!

Details

MLS #A11841391
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1972
Days On Site395
Listing Provided ByFausto Commercial Realty Consultants Inc | Elior Levi

Features

SQ Feet1,936
Story(s)1
Units2
ZoningRMM-25
Acreage0.15

Exterior

Lot FeaturesCity Lot, Less Than Quarter Acre

Parking

Parking FeaturesCommon

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
Listing VS Median (in 33311)
Price:
$975,000
low | high
Med:
$259,900
100% of Average
sqft:
1,936
low | high
Med:
1,214
87.293388429752% of Average
$ / sqft:
$504
low | high
Med:
$215
100% of Average
On site:
395
low | high
Med:
49
100% of Average
Sourced by Back At You

Market Activity 33311

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Preferred Properties International Realty II at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
The information is being provided by Beaches MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Beaches MLS. All Rights Reserved.

Contact

Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33311
Area3810
Listing VS Median (in 33311)
Price:
$975,000
low | high
Med:
$259,900
100% of Average
sqft:
1,936
low | high
Med:
1,214
87.293388429752% of Average
$ / sqft:
$504
low | high
Med:
$215
100% of Average
On site:
395
low | high
Med:
49
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $731K - $1.218M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
848 NW 2nd Avenue Property Photo 1
$975,000
848 Nw 2nd Avenue
Fort Lauderdale, FL 33311
848 NW 2nd Ave Property Photo 1
$975,000
848 Nw 2nd Ave
Fort Lauderdale, FL 33311
933 NW 2nd Ave Property Photo 1
$498,000
933 Nw 2nd Ave
Fort Lauderdale, FL 33311
933 NW 2nd Avenue Property Photo 1
$498,000
933 Nw 2nd Avenue
Fort Lauderdale, FL 33311
935 NW 2nd Ave Property Photo 1
$3,250
935 Nw 2nd Ave
Fort Lauderdale, FL 33311
Listing Updated: July 20, 2026 at 7:00:21 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc